Morgan Stanley Asia (Singapore) has offloaded 28.55 lakh shares of private sector lender Yes Bank for a tad over Rs 121 crore. The foreign fund house has sold 28.55 lakh shares, amounting 0.79% stake of the company at an average price of Rs 425.22 in a transaction worth Rs 121.40 crore. At the end of December quarter, Morgan Stanley held 47.30 lakh shares or 1.32% stake in Yes Bank.
Yes Bank, the private sector lender offers a full-range of client-focused corporate banking services, including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions and liquidity management solutions among others to a highly focused client base.
